Oil-Dri Corporation Of America (NYSE:ODC) Stock Rating Upgraded by Wall Street Zen

Key Points

• Oil-Dri Corporation Of America has been upgraded from a "buy" rating to a "strong-buy" rating by analysts at Wall Street Zen.
• The company reported $0.89 earnings per share for the latest quarter, alongside revenues of $125.21 million.
• Institutional investors have significantly increased their holdings, with several firms reporting increases of 100% or more in their stakes during recent quarters.

Oil-Dri Corporation Of America (NYSE:ODC - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a note issued to investors on Saturday.

Separately, Weiss Ratings reissued a "buy (b)" rating on shares of Oil-Dri Corporation Of America in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Oil-Dri Corporation Of America presently has a consensus rating of "Buy".

Oil-Dri Corporation Of America Price Performance

Shares of NYSE ODC opened at $64.84 on Friday. Oil-Dri Corporation Of America has a fifty-two week low of $33.46 and a fifty-two week high of $69.75. The company has a 50 day simple moving average of $61.51 and a two-hundred day simple moving average of $54.65. The company has a market capitalization of $949.32 million, a price-to-earnings ratio of 17.50 and a beta of 0.70. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.85 and a current ratio of 2.83.

Oil-Dri Corporation Of America (NYSE:ODC - Get Free Report) last announced its earnings results on Thursday, October 9th. The specialty chemicals company reported $0.89 earnings per share for the quarter. The business had revenue of $125.21 million during the quarter. Oil-Dri Corporation Of America had a net margin of 11.12% and a return on equity of 22.92%.

Insider Activity at Oil-Dri Corporation Of America

In other news, Director Amy Ryan sold 1,000 shares of Oil-Dri Corporation Of America stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $60.62, for a total transaction of $60,620.00. Following the transaction, the director owned 2,900 shares in the company, valued at $175,798. This trade represents a 25.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Christopher B. Lamson sold 2,500 shares of Oil-Dri Corporation Of America stock in a transaction on Monday, July 21st. The stock was sold at an average price of $61.75, for a total transaction of $154,375.00. Following the transaction, the vice president owned 11,453 shares in the company, valued at $707,222.75. This represents a 17.92% decrease in their position. The disclosure for this sale can be found here. Company insiders own 11.66% of the company's stock.

Institutional Trading of Oil-Dri Corporation Of America

Several institutional investors and hedge funds have recently modified their holdings of ODC. Trust Co. of Vermont increased its holdings in Oil-Dri Corporation Of America by 100.0% in the 1st quarter. Trust Co. of Vermont now owns 600 shares of the specialty chemicals company's stock valued at $28,000 after acquiring an additional 300 shares during the last quarter. MAI Capital Management increased its holdings in Oil-Dri Corporation Of America by 100.0% in the 1st quarter. MAI Capital Management now owns 600 shares of the specialty chemicals company's stock valued at $28,000 after acquiring an additional 300 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Oil-Dri Corporation Of America by 57.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 502 shares of the specialty chemicals company's stock valued at $30,000 after acquiring an additional 183 shares during the last quarter. New York State Teachers Retirement System increased its holdings in Oil-Dri Corporation Of America by 98.0% in the 1st quarter. New York State Teachers Retirement System now owns 891 shares of the specialty chemicals company's stock valued at $41,000 after acquiring an additional 441 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Oil-Dri Corporation Of America in the 2nd quarter valued at $45,000. 49.01% of the stock is currently owned by institutional investors.

About Oil-Dri Corporation Of America

Oil-Dri Corporation of America is a manufacturer and supplier of specialty sorbent products for the pet care, animal health and nutrition, fluids purification, agricultural ingredients, sports field, industrial and automotive markets. It operates through the Business to Business Products Group and Retail and Wholesale Products Group segments.

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